Repayment or Forfeiture Resulting from Forfeiture Event. (a) If there is a Forfeiture Event either
during while the
Participant's Employment Participant is employed or within
three two years after termination of the Participant's Employment, then the
Board Committee may, but is not obligated to, cause some or all of the Participant's outstanding Performance Units to be forfeited by the Participant. (b) If there is a Forfeiture Event either
during while the
Participant's Employment Participant is employed or within
three two years after termination of
...the Participant's Employment and a payment has previously been made in settlement of 5 2016 Plan – Section 16 Officer PSU with 3-year cliff vesting (2019 grant) Performance Units granted under this Award Agreement, the Board Committee may, but is not obligated to, require that the Participant pay to the Company Corporation an amount in cash (the "Forfeiture Amount") up to (but not in excess of) the amount paid in settlement of the Performance Units. (c) This Paragraph 10 11 shall apply notwithstanding any provision of this Award Agreement to the contrary and is meant to provide the Company Corporation with rights in addition to any other remedy which may exist in law or in equity. This Paragraph 10 11 shall not apply to the Participant following the effective time of a Change in Control. (d) Notwithstanding the foregoing or any other provision of this Award Agreement to the contrary, the Participant agrees that the Company may also require that the Participant repay to the Company any compensation paid to the Participant under this Award Agreement, as is required by the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations thereunder or any other "clawback" provisions as required by law or by the applicable listing standards of the exchange on which the common units of the Partnership are listed for trading.
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Repayment or Forfeiture Resulting from Forfeiture Event. (a) If there is a Forfeiture Event either
during while the
Participant's Employment Participant is employed or within
three two years after termination of the Participant's Employment, then the
Board Committee may, but is not obligated to, cause some or all of the Participant's outstanding Performance Units to be forfeited by the Participant.
6 2019 Plan – Section 16 Officer TSR PSU with 3-year cliff vesting (2022 grant) (b) If there is a Forfeiture Event either
during while the
Participant's Em...ployment Participant is employed or within three two years after termination of the Participant's Employment and a payment has previously been made in settlement of Performance Units granted under this Award Agreement, the Board Committee may, but is not obligated to, require that the Participant pay to the Company Corporation an amount in cash (the "Forfeiture Amount") up to (but not in excess of) the amount paid in settlement of the Performance Units. (c) This Paragraph 10 11 shall apply notwithstanding any provision of this Award Agreement to the contrary and is meant to provide the Company Corporation with rights in addition to any other remedy which may exist in law or in equity. This Paragraph 10 11 shall not apply to the Participant following the effective time of a Change in Control. (d) Notwithstanding the foregoing or any other provision of this Award Agreement to the contrary, the Participant agrees that the Company may also require that the Participant repay to the Company any compensation paid to the Participant under this Award Agreement, as is required by the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations thereunder or any other "clawback" provisions as required by law or by the applicable listing standards of the exchange on which the common units of the Partnership are listed for trading.
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Repayment or Forfeiture Resulting from Forfeiture Event. (a) If there is a Forfeiture Event either
during while the
Participant's Employment Participant is employed or within
three two years after termination of the Participant's Employment, then the
Board Committee may, but is not obligated to, cause some or all of the Participant's outstanding Performance Units to be forfeited by the Participant. (b) If there is a Forfeiture Event either
during while the
Participant's Employment Participant is employed or within
three two years after termination of
...the Participant's Employment and a payment has previously been made in settlement of Performance Units granted under this Award Agreement, the Board Committee may, but is not obligated to, require that the Participant pay to the Company Corporation an amount in cash (the "Forfeiture Amount") up to (but not in excess of) the amount paid in settlement of the Performance Units. 6 2019 Plan – Section 16 Officer TSR PSU with 3-year cliff vesting (2021 grant) (c) This Paragraph 10 11 shall apply notwithstanding any provision of this Award Agreement to the contrary and is meant to provide the Company Corporation with rights in addition to any other remedy which may exist in law or in equity. This Paragraph 10 11 shall not apply to the Participant following the effective time of a Change in Control. (d) Notwithstanding the foregoing or any other provision of this Award Agreement to the contrary, the Participant agrees that the Company may also require that the Participant repay to the Company any compensation paid to the Participant under this Award Agreement, as is required by the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations thereunder or any other "clawback" provisions as required by law or by the applicable listing standards of the exchange on which the common units of the Partnership are listed for trading.
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Repayment or Forfeiture Resulting from Forfeiture Event. (a) If there is a Forfeiture Event either
during while the
Participant's Employment Participant is employed or within
three two years after termination of the Participant's Employment, then the
Board Committee may, but is not obligated to, cause some or all of the Participant's outstanding Performance Units to be forfeited by the Participant.
7 2019 Plan – Section 16 Officer FCF PSU with 2-year cliff vesting (2021 grant) (b) If there is a Forfeiture Event either
during while the
Participant's Em...ployment Participant is employed or within three two years after termination of the Participant's Employment and a payment has previously been made in settlement of Performance Units granted under this Award Agreement, the Board Committee may, but is not obligated to, require that the Participant pay to the Company Corporation an amount in cash (the "Forfeiture Amount") up to (but not in excess of) the amount paid in settlement of the Performance Units. (c) This Paragraph 10 shall apply notwithstanding any provision of this Award Agreement to the contrary and is meant to provide the Company Corporation with rights in addition to any other remedy which may exist in law or in equity. This Paragraph 10 shall not apply to the Participant following the effective time of a Change in Control. (d) Notwithstanding the foregoing or any other provision of this Award Agreement to the contrary, the Participant agrees that the Company may also require that the Participant repay to the Company any compensation paid to the Participant under this Award Agreement, as is required by the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations thereunder or any other "clawback" provisions as required by law or by the applicable listing standards of the exchange on which the common units of the Partnership are listed for trading.
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Repayment or Forfeiture Resulting from Forfeiture Event. (a) If there is a Forfeiture Event either
during while the
Participant's Employment Participant is employed or within three years after termination of the Participant's Employment, then the
Board Committee may, but is not obligated to, cause some or all of the Participant's outstanding Performance Units to be forfeited by the Participant. (b) If there is a Forfeiture Event either
during while the
Participant's Employment Participant is employed or within three years after termination of the Part
...icipant's Employment and a payment has previously been made in settlement of Performance Units granted under this Award Agreement, the Board Committee may, but is not obligated to, require that the Participant pay to the Company Corporation an amount in cash (the "Forfeiture Amount") up to (but not in excess of) the amount paid in settlement of the Performance Units. (c) This Paragraph 10 9 shall apply notwithstanding any provision of this Award Agreement to the contrary and is meant to provide the Company Corporation with rights in addition to any other remedy which may exist in law or in equity. This Paragraph 10 9 shall not apply to the Participant following the effective time of a Change in Control. (d) Notwithstanding the foregoing or any other provision of this Award Agreement to the contrary, the Participant agrees that the Company Corporation may also require that the Participant repay to the Company Corporation any compensation paid to the Participant under this Award Agreement, as is required by the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations thereunder or any other "clawback" provisions as required by law or by the applicable listing standards of the exchange on which the Corporation's common units of the Partnership are stock is listed for trading. 3 Exhibit 10.1 10. Taxes. Pursuant to the applicable provisions of the Plan, the Corporation or its designated representative shall have the right to withhold applicable taxes from the cash otherwise payable to the Participant, or from other compensation payable to the Participant, at the time of the vesting and delivery of such cash payment.
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Repayment or Forfeiture Resulting from Forfeiture Event. (a) If there is a Forfeiture Event either
during while the
Participant's Employment Participant is employed or within
three two years after termination of the Participant's Employment, then the
Board Committee may, but is not obligated to, cause some or all of the Participant's outstanding Performance Units to be forfeited by the Participant. (b) If there is a Forfeiture Event either
during while the
Participant's Employment Participant is employed or within
three two years after termination of
...the Participant's Employment and a payment has previously been made in settlement of Performance Units granted under this Award Agreement, the Board Committee may, but is not obligated to, require that the Participant pay to the Company Corporation an amount in cash (the "Forfeiture Amount") up to (but not in excess of) the amount paid in settlement of the Performance Units. (c) This Paragraph 10 shall apply notwithstanding any provision of this Award Agreement to the contrary and is meant to provide the Company Corporation with rights in addition to any other remedy which may exist in law or in equity. This Paragraph 10 shall not apply to the Participant following the effective time of a Change in Control. (d) Notwithstanding the foregoing or any other provision of this Award Agreement to the contrary, the Participant agrees that the Company may also require that the Participant repay to the Company any compensation paid to the Participant under this Award Agreement, as is required by the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations thereunder or any other "clawback" provisions as required by law or by the applicable listing standards of the exchange on which the common units of the Partnership are listed for trading.
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Repayment or Forfeiture Resulting from Forfeiture Event. (a) If there is a Forfeiture Event either during the Participant's Employment or within three years after termination of the Participant's Employment, then the Board may, but is not obligated to, cause some or all of the Participant's outstanding Performance Units to be forfeited by the Participant. (b) If there is a Forfeiture Event either during the Participant's Employment or within three years after termination of the Participant's Employment and a payment has previously been made in settlem
...ent of Performance Units granted under this Award Agreement, the Board may, but is not obligated to, require that the Participant pay to the Company an amount in cash (the "Forfeiture Amount") up to (but not in excess of) the amount paid in settlement of the Performance Units. (c) This Paragraph 10 shall apply notwithstanding any provision of this Award Agreement to the contrary and is meant to provide the Company with rights in addition to any other remedy which may exist in law or in equity. This Paragraph 10 shall not apply to the Participant following the effective time of a Change in Control. (d) Notwithstanding the foregoing or any other provision of this Award Agreement to the contrary, the Participant agrees that the Company may also require that the Participant repay to the Company any compensation paid to the Participant under this Award Agreement, as is required by the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations thereunder or any other "clawback" provisions as required by law or by the applicable listing standards of the exchange on which the common units of the Partnership are listed for trading. 4 11. Taxes. Pursuant to the applicable provisions of the Plan, the Company or its designated representative shall have the right to withhold applicable taxes from the common units and cash amount otherwise payable to the Participant due to the vesting of Performance Units pursuant to Paragraph 2, or from other compensation payable to the Participant (to the extent consistent with Section 409A of the Code), at the time of the vesting of the Performance Units and delivery of the cash settlement amount. Because the Participant is an employee of MPC, , and provides beneficial services to the Company through Participant's employment with MPC, MPC as the employer of Participant, shall be the designated representative for purposes of payroll administration of the Award and withholding of applicable taxes at the time of vesting.
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Repayment or Forfeiture Resulting from Forfeiture Event. (a) If there is a Forfeiture Event either during the Participant's Employment or within three years after termination of the Participant's Employment, then the
Board Committee may, but is not obligated to, cause some or all of the Participant's outstanding Performance Units to be forfeited by the Participant. (b) If there is a Forfeiture Event either during the Participant's Employment or within three years after termination of the Participant's Employment and a payment has previously been made
...in settlement of Performance Units granted under this Award Agreement, the Board Committee may, but is not obligated to, require that the Participant pay to the Company Corporation an amount in cash (the "Forfeiture Amount") up to (but not in excess of) the amount paid in settlement of the Performance Units. (c) This Paragraph 10 12 shall apply notwithstanding any provision of this Award Agreement to the contrary and is meant to provide the Company Corporation with rights in addition to any other remedy which may exist in law or in equity. This Paragraph 10 12 shall not apply to the Participant following the effective time of a Change in Control. (d) Notwithstanding the foregoing or any other provision of this Award Agreement to the contrary, the Participant agrees that the Company Corporation may also require that the Participant repay to the Company Corporation any compensation paid to the Participant under this Award Agreement, as is required by the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations thereunder or any other "clawback" provisions as required by law or by the applicable listing standards of the exchange on which the common units of the Partnership are Common Stock is listed for trading. 5 13. Taxes. Pursuant to the applicable provisions of the Plan, the Corporation or its designated representative shall have the right to withhold applicable taxes from the shares of Common Stock and cash otherwise payable to the Participant, or from other compensation payable to the Participant (to the extent consistent with Section 409A of the Code), at the time of the vesting and delivery of such cash payment and shares.
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Repayment or Forfeiture Resulting from Forfeiture Event. (a) If there is a Forfeiture Event either during the Participant's Employment or within three years after termination of the Participant's Employment, then the
Board Committee may, but is not obligated to, cause some or all of the Participant's outstanding Performance Units to be forfeited by the Participant. (b) If there is a Forfeiture Event either during the Participant's Employment or within three years after termination of the Participant's Employment and a payment has previously been made
...in settlement of Performance Units granted under this Award Agreement, the Board Committee may, but is not obligated to, require that the Participant pay to the Company Corporation an amount in cash (the "Forfeiture Amount") up to (but not in excess of) the amount paid in settlement of the Performance Units. (c) This Paragraph 10 11 shall apply notwithstanding any provision of this Award Agreement to the contrary and is meant to provide the Company Corporation with rights in addition to any other remedy which may exist in law or in equity. This Paragraph 10 11 shall not apply to the Participant following the effective time of a Change in Control. (d) Notwithstanding the foregoing or any other provision of this Award Agreement to the contrary, the Participant agrees that the Company Corporation may also require that the Participant repay to the Company Corporation any compensation paid to the Participant under this Award Agreement, as is required by the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations thereunder or any other "clawback" provisions as required by law or by the applicable listing standards of the exchange on which the common units of the Partnership are Common Stock is listed for trading.
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Repayment or Forfeiture Resulting from Forfeiture Event. (a) If there is a Forfeiture Event either during the Participant's Employment or within three years after termination of the Participant's Employment, then the
Board Committee may, but is not obligated to, cause some or all of the Participant's outstanding Performance Units to be forfeited by the Participant. (b) If there is a Forfeiture Event either during the Participant's Employment or within three years after termination of the Participant's Employment and a payment has previously been made
...in settlement of Performance Units granted under this Award Agreement, the Board Committee may, but is not obligated to, require that the Participant pay to the Company Corporation an amount in cash (the "Forfeiture Amount") up to (but not in excess of) the amount paid in settlement of the 3 Performance Units. (c) This Paragraph 10 shall apply notwithstanding any provision of this Award Agreement to the contrary and is meant to provide the Company Corporation with rights in addition to any other remedy which may exist in law or in equity. This Paragraph 10 shall not apply to the Participant following the effective time of a Change in Control. (d) Notwithstanding the foregoing or any other provision of this Award Agreement to the contrary, the Participant agrees that the Company Corporation may also require that the Participant repay to the Company Corporation any compensation paid to the Participant under this Award Agreement, as is required by the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations thereunder or any other "clawback" provisions as required by law or by the applicable listing standards of the exchange on which the common units of the Partnership are Common Stock is listed for trading.
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